Bearish
StablR Freezes USDR and EURR Stablecoins After $13.5 Million Unbacked Token Minting Attack
26.05.2026 14:48
StablR, a stablecoin issuer, has frozen its USDR and EURR tokens following a security breach where an attacker minted $13.5 million worth of unbacked tokens. The incident, which exploited a vulnerability in the minting process, prompted immediate action to protect remaining assets and users. The frozen tokens are currently under investigation, with StablR working to assess the full impact and implement enhanced security measures. This event highlights ongoing risks in the stablecoin sector, particularly for algorithmic and partially-backed models, and may affect market confidence in USDR and EURR.
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